Housing costs in Penrose?
A typical home costs
$347,200, which is 2.7% more expensive than the national average of
$338,100 and 34.1% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Penrose costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 52.8% cheaper than the state average of
$1,650.
Can I afford Penrose?
To live comfortably in Penrose, Colorado, a minimum annual income of
$66,600 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Penrose?
The cost of living in Penrose, CO is relatively low compared to the national average. The median home cost in the area is around $150,000 which is much lower than the US median home value of over $200,000. Additionally, groceries and other day-to-day costs are also more affordable than most other places. This makes it an ideal place for those looking to save money while still enjoying a good quality of life. It's also ideal for retirees who want to stretch their retirement savings a little further.